Teacher Retirement System of Texas Raises Stake in Crocs, Inc. (NASDAQ:CROX)

Teacher Retirement System of Texas lifted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 85.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,601 shares of the textile maker's stock after buying an additional 14,110 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Crocs worth $3,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CROX. Arrowstreet Capital Limited Partnership grew its position in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock valued at $145,299,000 after acquiring an additional 1,244,480 shares during the last quarter. Norges Bank acquired a new position in Crocs in the fourth quarter valued at approximately $62,221,000. Altshuler Shaham Ltd lifted its stake in Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock valued at $50,055,000 after buying an additional 455,515 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock valued at $143,309,000 after buying an additional 429,994 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Crocs by 167.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker's stock valued at $53,730,000 after buying an additional 307,185 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Stock Performance

NASDAQ:CROX traded down $2.10 during trading on Friday, reaching $103.75. The company's stock had a trading volume of 748,783 shares, compared to its average volume of 1,520,612. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. The firm has a 50 day moving average of $105.56 and a 200-day moving average of $103.20. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. The firm had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.02 EPS. Research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CROX has been the topic of several recent analyst reports. Needham & Company LLC boosted their price target on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Bank of America lowered their target price on Crocs from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Stifel Nicolaus lowered their target price on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Barclays lowered their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group began coverage on Crocs in a research report on Wednesday, July 2nd. They set a "sell" rating and a $88.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $135.13.

Insider Buying and Selling at Crocs

In other news, Director Ian Bickley sold 3,044 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the transaction, the director owned 27,505 shares in the company, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.